The Global Eugenol Market Is Forecast To Surpass USD 1,012 Million By 2032, Growing At A CAGR Of 6.3%

Fact.MR- a market research and competitive intelligence provider, foresee a moderate growth of 6.0% CAGR in demand of eugenol oil over the next decade. The global eugenol market is estimated to be USD 549 Million in 2022 and likely surpass the market value of USD 1 Billion by the end of FY-2032. The eugenol market is evaluated to corner roughly 25% of market share in global herbal oil market. Moreover, global herbal oil market is estimated to be around USD 4 Billion in 2022.
Asia Pacific Including East Asia and South Asia & Oceania is presumed to be the most lucrative region over the coming years owing to expanding food & beverage industry and high clove production yield.

Further, as per the recent analysis, Indonesia is responsible for more than 75% of cloves production wherein India and China is the most prominent region for both prospects including consumption and production. However, due to established end-use industry in North America and Europe region is creating economy of agglomeration and providing strength to retain market share.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.factmr.com/connectus/sample?flag=S&rep_id=513

𝗛𝗼𝘄 𝗔𝘁𝘁𝗲𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗖𝗹𝗼𝘃𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗮𝗻𝗱 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗜𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗶𝗻𝗴 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀?

Global clove production amounted to 190 thousand tons in 2020, rising by ~+5% against the previous year level. A drastic plunge in production, while prices remain stable, recommends that the cloves shortage is not there in Indonesia. The globally clove harvested area amounted to ~600 thousand ha in 2020, which was ~1% more than the last year, the total clove harvested zone reached on its peak in 2021 and is likely to remain its expansion in coming term, following increasing demand for globally.
Clove prices have dropped on the international market due to decreased demand, but that's not expected to impact clove oil prices in the short to medium term, as global supply has been increased due to increased demand, pushing prices up for both the essential oils and the spices. The increased demand for eugenol in Europe and North America has resulted in an increase in clove production.
However, these factors are notably contributing to rising demand of eugenol across multitude established industries.

𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝘂𝗴𝗲𝗻𝗼𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀

By Source Type :
• Cloves
• Cinnamon
• Nutmeg
• Basil
• Other Source Types

By End-Use :
• Food Industry
• Pharmaceutical Industry
• Personal Care
• Other End Use Industry

By Application :
• Base Ingredient
• Stabilizers & Antioxidants
• Antiseptic & Anaesthetic
• Perfumeries, Flavorings, Essential Oils
• Other Applications

By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝘆-𝘄𝗶𝘀𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀
𝗪𝗵𝗶𝗰𝗵 𝗦𝗼𝘂𝗿𝗰𝗲 𝗧𝘆𝗽𝗲 𝗼𝗳 𝗘𝘂𝗴𝗲𝗻𝗼𝗹 𝗶𝘀 𝗧𝗵𝗲 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗖𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗼𝗿 𝘁𝗼 𝘁𝗵𝗲 𝗘𝘂𝗴𝗲𝗻𝗼𝗹 𝗠𝗮𝗿𝗸𝗲𝘁?

Clove oil finds prominence in the pharmaceutical industry, applications ranging from reducing inflammation, improving blood circulation to boosting gum health and to helping acne. The well-known clove oil usage is to decrease the pain related to dental problems.
Clove oil is an excellent addition to DIY personal care items such as deodorant and toothpaste. It's also a strong antibacterial agent that can be used in DIY cleaners. The rising demand for eugenol in the pharmaceutical industry has provided a variety of chances that may aid in the expansion of the worldwide eugenol oil market.
However, clove segment is expected to continue its dominance in eugenol market over the assessment period which accounted for 4/5th value share in 2022. Additionally, the segment is predicted to increase at a CAGR of 5.8% and lose nearly 76 BPS by the end of 2032.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:https://www.factmr.com/connectus/sample?flag=RC&rep_id=513

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲: 𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝗘𝘂𝗴𝗲𝗻𝗼𝗹 𝗠𝗮𝗿𝗸𝗲𝘁

Majority of companies discussed in the report have focused on product development and expansion of manufacturing units across developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Also, the key companies have adopted numerous strategies including merger & acquisition partnership, etc. product development is the key strategy to upscale their market presence among consumers.
Fact.MR has provided detailed information about price points of top manufacturers of eugenol market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance: On 23rd April 2021, Bukoola Chemical Industries, an Uganda based agro-chemical distributing company became partners with the ACN (Anti-Counterfeit Network) to unveil a campaign with an aim to create awareness among people related to fake agro-chemical inputs available in the market.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱:
• Van Aroma
• Nile Chemicals
• Sigma-Aldrich
• Nusaroma Indonesia Essential Oil
• Berjé
• CV. Indaroma
• Extrasynthese
• Penta Manufacturing Company
• Vigon International
• Boc Sciences.
• Other Key Players

𝗙𝗼𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗕𝘂𝘆 𝗡𝗼𝘄 -https://www.factmr.com/checkout/513

𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝘂𝗺𝗺𝗮𝗿𝘆

The study offers comprehensive analysis on diverse features, including speculative and current installed base, unit production, type-wise pricing, revenue growth and list of consumers with installation base, product enhancements, and revenue generation from butyric acid derivatives across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue through butyric acid derivatives during the forecast period.

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